Shenzhen Absen Optoelectronic announced that the company held the Twenty-Fourth Meeting of the Fifth Board of Directors and the Twentieth Meeting of the Fifth Board of Supervisors on November 26, 2024, and approved the "Proposal to Terminate the Issuance of Convertible Bonds to Unspecified Entities," agreeing to terminate the issuance of convertible bonds to unspecified entities. This matter does not need to be submitted to the shareholder meeting for approval. Considering the current changes in the market environment and the company's global strategy development plan, the company has decided to terminate the issuance of convertible bonds this time. Currently, all operations of the company are running normally, and the termination of this issuance will not have a significant impact on the company's current production and operation activities.